“PE巨头”黑石总裁：华尔街低估了AI的颠覆性，现在投项目首先评估“颠覆风险“

Core Insights - Wall Street is underestimating the disruptive potential of AI on traditional business models and market structures [1][2] - Blackstone has elevated AI risk assessment to the top priority in investment decisions, requiring all teams to address AI impacts in investment memorandums [2][3] - The company is actively repositioning its investment portfolio to capitalize on opportunities presented by AI infrastructure while also reassessing existing investments for potential risks [3] Group 1: AI Disruption Risks - Jonathan Gray, President of Blackstone, warns that AI technology is beginning to disrupt business models and lead to job losses [1][2] - Traditional industries, particularly those based on rules such as legal, accounting, and transaction processing, face significant upheaval due to AI [1][2] - Blackstone has decided against acquiring companies that are seen as vulnerable to AI risks, such as certain software and call center firms [1] Group 2: Investment Strategy Adjustments - Blackstone is conducting a comprehensive review of new deals and existing portfolios to assess the implications of AI on business software and data processing services [2][3] - The company has provided billions in loans to enterprise software companies, which are at risk of losing clients to AI-driven competitors [3] - Despite the potential negative economic disruptions caused by AI, the technology may also yield underestimated productivity gains and create trillions in new enterprise wealth [3]